Indonesia ranked as the second most confident country in the world in terms of economic growth in the third quarter, a survey showed on Monday.The AC Nielsen Company Indonesia, a leading survey company, said that Indonesia ranked second after India in the survey conducted on Sept. 28 to Oct. 16, followed by Norway in the third place while the lowest position was occupied by Latvia and Japan.The Nielsen’s Global Consumer Index examined consumer’s confidence, main concern and spending by more than 30,500 Internet users in 54 countries.”Meanwhile, consumer’s confidence in Indonesia heavily depends on inflation.
When we have high inflation, consumers tend to react by showing decreasing level of consumer’s confidence,” said Catherine Eddy, the company’s executive director for consumer research.
On the contrary, with significantly recovered inflation pressure this year, consumer’s confidence among Indonesians has increased, she said.”2009 is a good year for consumers in the point of view of price, especially if it compared to 2008 when households were really in the hard times with two digits increase in many fields,” she said.
According to Catherine, September’s index was bigger than June’s, so this is good news that market is still optimistic about the future.She added that there was another factor contributing to the high consumer’s confidence.”Indonesians believe in political and economic stability in the country,” she said.”The company’s data showed that Indonesia’s consumer’s confidence index was at 115 in the second half from 104 in the previous period, or an increase of 11 percent.The survey also showed that even though Indonesians had high optimism of economy, half of them retained spending and saved their money. It showed that half of the respondents took precaution against the worst scenario.
According to Catherine Eddy, the increase of 9 points to 86 in October from 77 in April in global consumer’s confidence showed that in the last six months most consumers got more optimistic.The survey also showed that Hong Kong increased its consumer’s confidence by 14 points to 93 from 79, the biggest increase in the world, followed by South Korea (+13 points) and Brazil (+12 points).
Source: Nielsen Survey: Indonesia ranks 2nd most confident country in Q3
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Posted on November 3rd, 2009 at 10:09 am by Akhyari